IDBI Bank launches fully automated loan processing system - The Hindu BusinessLine

IDBI Bank launches fully automated loan processing system
May 19, 2021
The facility is for the bank’s MSME and agriculture customers
IDBI Bank has launched a fully digitised, end-to-end Loan Processing System (LPS) for its MSME (micro, small and medium enterprise) and agriculture customers.
The bank, in a statement, said the new system seamlessly integrates with data fintechs, bureau validations, document storage/ retrieval, account opening/ management, customer notifications, and portfolio management capabilities, along with embodied credit policy/ knock off parameters.
Suresh Khatanhar, Deputy Managing Director, IDBI Bank, said more than 50 product lines will be on LPS, which will offer seamless credit lifecycle.

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